Gerritt wants to buy a car that costs $27,000. The interest rate on his loan is 5.35 percent compounded monthly and the loan is for 5 years. What are his monthly payments?
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Gerritt wants to buy a car that costs $27,000. The interest rate on his loan is...
Gerritt wants to buy a car that costs $28,000. The interest rate on his loan is 5.43 percent compounded monthly and the loan is for 7 years. What are his monthly payments?
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A man buys a car for $39,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $900 for 48 months, how much must he put down? (Round your answer to the nearest cent.) 8720.83 A man buys a car for $39,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $900 for 48 months, how much must he...
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Jose ust borrowed $3.500 to buy a used car payments. (End of Peniod) His loan is for 4 years with monthly payments The interest rate on the loan is 8% APR Calculate his monthly loan OA. S99 2 O B. S8545 O C. $72 92 O D. $84.88
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A commercial bank will loan you $27,817 for 3 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 13.32 percent of the unpaid balance. What is the amount of the monthly payments? Round the answer to two decimal places.
A commercial bank will loan you $33,732 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 7.29 percent of the unpaid balance. What is the amount of the monthly payments? Round the answer to two decimal places.